ABC

The ABC Television Network (ABC being short for American Broadcasting Companies) in the United States is a subsidiary of The Walt Disney Company. "The ABC Television Network includes ABC Entertainment, ABC Daytime, ABC News, ABC Sports, ABC Kids and the Disney-owned production company Touchstone Television. ABC Owned Television Stations operates 10 stations in top markets across the country," the company states on its website. "Disney Media Networks comprise a vast array of broadcast, cable, radio, publishing and Internet businesses." ABC was created in 1943 from the former NBC Blue network and first broadcast on television in 1948.
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The Walt Disney Company bought ABC in 1996. "The network produces many of its own shows through Touchstone Television and Buena Vista Television. The network reported sales of $11.8 billion in 2004, and is a major part of the Walt Disney media empire," Media Owners reports. [2]